Banco Itaú (ITAUCL) Q1 2026 earnings summary

Executive summary

• Consolidated assets reached MCh$48,794,897 as of March 31, 2026, with equity of MCh$4,336,629 and net income for the quarter of MCh$69,220, down from MCh$110,759 year-over-year.

• The Board proposed a 60% dividend payout from 2025 profits and approved major board renewals at the April 2026 shareholders' meeting.

Financial highlights

• Net interest income for Q1 2026 was MCh$268,196, down from MCh$293,022 in Q1 2025.

• Net fee and commission income rose to MCh$53,718 from MCh$48,118 year-over-year.

• Operating income before credit losses increased to MCh$180,751 from MCh$143,513 year-over-year.

• Credit loss expenses rose to MCh$77,183 from MCh$73,700 year-over-year.

• Net income attributable to equity holders was MCh$69,240, with basic and diluted EPS of $320.

• Total operating expenses increased to MCh$215,185 from MCh$201,979 year-over-year.

Outlook and guidance

• The bank’s capital ratios remain strong, with a consolidated capital ratio of 17.3%, well above the 12% regulatory minimum.

• Management expects continued focus on capital adequacy, risk management, and funding diversification, including new international debt placements.